Kercheville Advisors, LLC

CIK

1890748

Location

San Antonio, TX

Portfolio Value

Small $270,085,403

Diversification

Diversified

Filing Date

Global Rank

#3,274 / 8,232 ▼ 2

Top Industry

Semiconductors 10.7%

3Y Alpha vs SPY

+0.5%

Period ended 2 months ago

Filed Apr 20, 2026 · 55d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+78.3%

SPY

+76.3%

Annualised alpha

+0.5%

Max drawdown

−20.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

94 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.8%

+0.5 pts

Top 5

33.4%

+2.2 pts

Top 10

50.7%

+3.5 pts

HHI

359

Diversified+37

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.1%	$65,041,452	17
Energy	16.7%	$45,225,951	15
Consumer Cyclical	11.6%	$31,360,641	6
Consumer Defensive	10.0%	$26,893,247	4
Communication Services	9.9%	$26,687,014	5
Basic Materials	9.7%	$26,091,747	7
Industrials	7.6%	$20,569,731	10
Financial Services	5.7%	$15,301,579	22
Healthcare	2.9%	$7,850,660	5
Unclassified	1.8%	$4,774,140	2
Utilities	0.1%	$289,241	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBRX	ImmunityBio, Inc.	+58,963	643,137	$4,932,860
EPD	Enterprise Products Partners L.P.	+52,620	93,320	$3,531,228
NVG	Nuveen AMT-Free Municipal Credit Income Fund	+30,014	66,600	$821,178
ET	Energy Transfer LP	+13,573	77,990	$1,505,207
UPST	Upstart Holdings, Inc.	+10,000	15,000	$384,750
WES	Western Midstream Partners, LP	+7,900	19,300	$794,581
IQI	Invesco Quality Municipal Income Trust	+5,000	21,000	$202,020
NEA	Nuveen AMT-Free Quality Municipal Income Fund	+4,619	146,035	$1,639,973
MU	Micron Technology Inc	+4,355	12,355	$4,174,013
MPLX	Mplx LP	+4,000	135,336	$7,723,625
BKR	Baker Hughes Co	+3,000	7,500	$457,875
WMT	Walmart Inc.	+2,314	63,544	$7,897,248
AKAM	Akamai Technologies Inc	+2,300	6,950	$798,207
TYG	Tortoise Energy Infrastructure Corp	+1,757	23,100	$1,151,535
T	At&T Inc.	+1,581	15,995	$463,695
MUX	McEwen Inc.	+1,000	11,000	$224,620
XOM	Exxon Mobil Corp	+684	62,358	$10,579,658
VZ	Verizon Communications Inc	+626	5,867	$294,523
TEI	Templeton Emerging Markets Income Fund	+415	63,587	$382,157
CVX	Chevron Corp	+340	9,178	$1,898,928
COST	Costco Wholesale Corp /New	+280	12,480	$12,435,446
DE	Deere & Co	+220	2,260	$1,273,058
MRK	Merck & Co., Inc.	+203	4,003	$481,520
UPS	United Parcel Service Inc	+180	5,620	$552,895
V	Visa Inc.	+91	1,131	$341,833
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SOFI	SoFi Technologies, Inc.	−197,675	12,290	$195,165
CELH	Celsius Holdings, Inc.	−67,283	176,710	$6,269,670
UEC	Uranium Energy Corp	−60,350	60,550	$817,425
LUV	Southwest Airlines Co	−39,350	90,174	$3,387,837
SLV	iShares Silver Trust	−35,675	21,825	$1,487,155
BE	Bloom Energy Corp	−16,360	31,855	$4,316,033
SLB	Slb Limited/Nv	−12,600	21,400	$1,099,746
PLTR	Palantir Technologies Inc.	−9,163	24,827	$3,631,693
AGI	Alamos Gold Inc	−8,177	77,124	$3,426,619
LVS	Las Vegas Sands Corp	−7,699	15,684	$845,053
CCJ	Cameco Corp	−6,810	43,227	$4,694,884
NFLX	Netflix Inc	−6,712	84,386	$8,113,713
BX	Blackstone Inc.	−5,691	28,160	$3,238,118
AMZN	Amazon Com Inc	−4,453	91,448	$19,045,874
GOOGL	Alphabet Inc.	−4,351	27,047	$7,777,635
UBER	Uber Technologies, Inc	−3,924	35,861	$2,579,481
BA	Boeing Co	−3,315	2,764	$550,118
DELL	Dell Technologies Inc.	−3,000	5,652	$927,662
META	Meta Platforms, Inc.	−2,963	17,544	$10,037,448
AMD	Advanced Micro Devices Inc	−2,635	18,125	$3,687,168
KGC	Kinross Gold Corp	−2,600	10,800	$329,616
TSLA	Tesla, Inc.	−2,550	15,815	$5,879,226
AEM	Agnico Eagle Mines Ltd	−2,262	103,568	$21,022,232
MSFT	Microsoft Corp	−2,234	14,982	$5,545,886
AVAV	AeroVironment Inc	−2,025	1,850	$338,642
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
FANG	Diamondback Energy, Inc.	4,000	$791,160
HAL	Halliburton Co	17,050	$664,779
VLO	Valero Energy Corp/Tx	1,798	$444,249
GLW	Corning Inc /Ny	3,130	$425,586
STX	Seagate Technology Holdings plc	950	$372,172
WDC	Western Digital Corp	1,200	$324,588
XEL	Xcel Energy Inc	3,641	$289,241
MPC	Marathon Petroleum Corp	867	$211,704
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND	10,000	$119,300
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
BABA	Alibaba Group Holding Ltd	21,506	$3,152,349
BIDU	Baidu, Inc.	18,275	$2,387,811
IBIT	iShares Bitcoin Trust ETF	40,745	$2,022,989
JPM	Jpmorgan Chase & Co	6,195	$1,996,152
IE	Ivanhoe Electric Inc.	114,600	$1,831,308
CAVA	Cava Group, Inc.	27,600	$1,619,844
VIK	Viking Holdings Ltd	11,000	$785,510
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2,050	$622,974
C	Citigroup Inc	4,245	$495,349
USAR	USA Rare Earth, Inc.	37,200	$442,680
FTAI	FTAI Aviation Ltd.	2,200	$433,070
APH	Amphenol Corp /De/	3,000	$405,420
SHAK	Shake Shack Inc.	4,000	$324,680
GE	General Electric Co	1,050	$323,431
NVO	Novo Nordisk A S	6,300	$320,544
ISRG	Intuitive Surgical Inc	495	$280,348
CRWD	CrowdStrike Holdings, Inc.	560	$262,505
RCL	Royal Caribbean Cruises Ltd	765	$213,373
INTC	Intel Corp	5,331	$196,713
IREN	IREN Ltd	4,200	$158,634
KTOS	Kratos Defense & Security Solutions, Inc.	2,000	$151,820
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

94 positions · $270,085,403 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 94 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	103,568	-2,262	$21,022,232	+17.2%	7.78%
NVDA	Nvidia Corp Technology	Reduced	114,226	-1,799	$19,921,014	−7.9%	7.38%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	91,448	-4,453	$19,045,874	−14.0%	7.05%
AAPL	Apple Inc. Technology	Reduced	70,137	-410	$17,800,069	−7.2%	6.59%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	12,480	+280	$12,435,446	+18.2%	4.60%
XOM	Exxon Mobil Corp Energy	Added	62,358	+684	$10,579,658	+42.5%	3.92%
META	Meta Platforms, Inc. Communication Services	Reduced	17,544	-2,963	$10,037,448	−25.8%	3.72%
SUN	Sunoco LP Energy	Added	154,085	+2	$10,010,902	+24.0%	3.71%
NFLX	Netflix Inc Communication Services	Reduced	84,386	-6,712	$8,113,713	−5.0%	3.00%
WMT	Walmart Inc. Consumer Defensive	Added	63,544	+2,314	$7,897,248	+15.8%	2.92%
GOOGL	Alphabet Inc. Communication Services	Reduced	27,047	-4,351	$7,777,635	−20.9%	2.88%
MPLX	Mplx LP Energy	Added	135,336	+4,000	$7,723,625	+10.2%	2.86%
GEV	GE Vernova Inc. Industrials	Reduced	7,637	-270	$6,666,337	+29.0%	2.47%
CELH	Celsius Holdings, Inc. Consumer Defensive	Reduced	176,710	-67,283	$6,269,670	−43.8%	2.32%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	15,815	-2,550	$5,879,226	−28.8%	2.18%
MSFT	Microsoft Corp Technology	Reduced	14,982	-2,234	$5,545,886	−33.4%	2.05%
IBRX	ImmunityBio, Inc. Healthcare	Added	643,137	+58,963	$4,932,860	+326.5%	1.83%
CCJ	Cameco Corp Energy	Reduced	43,227	-6,810	$4,694,884	+2.6%	1.74%
BE	Bloom Energy Corp Industrials	Reduced	31,855	-16,360	$4,316,033	+3.0%	1.60%
MU	Micron Technology Inc Technology	Added	12,355	+4,355	$4,174,013	+82.8%	1.55%
AMD	Advanced Micro Devices Inc Technology	Reduced	18,125	-2,635	$3,687,168	−17.1%	1.37%
PLTR	Palantir Technologies Inc. Technology	Reduced	24,827	-9,163	$3,631,693	−39.9%	1.34%
EPD	Enterprise Products Partners L.P. Energy	Added	93,320	+52,620	$3,531,228	+170.6%	1.31%
AGI	Alamos Gold Inc Basic Materials	Reduced	77,124	-8,177	$3,426,619	+4.1%	1.27%
LUV	Southwest Airlines Co Industrials	Reduced	90,174	-39,350	$3,387,837	−36.7%	1.25%
GLD	Spdr Gold Trust	Reduced	7,639	-80	$3,286,985	+7.4%	1.22%
BX	Blackstone Inc. Financial Services	Reduced	28,160	-5,691	$3,238,118	−37.9%	1.20%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	33,074	-498	$2,963,099	+4.8%	1.10%
UBER	Uber Technologies, Inc Technology	Reduced	35,861	-3,924	$2,579,481	−20.7%	0.96%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	4,716	-150	$2,259,907	−7.6%	0.84%
CAT	Caterpillar Inc Industrials	Reduced	2,865	-10	$2,029,737	+23.2%	0.75%
SNPS	Synopsys Inc Technology	Held	4,981	0	$1,974,866	−15.6%	0.73%
CVX	Chevron Corp Energy	Added	9,178	+340	$1,898,928	+41.0%	0.70%
LLY	ELI LILLY & Co Healthcare	Reduced	2,048	-1,728	$1,883,688	−53.6%	0.70%
UTG	Reaves Utility Income Fund Financial Services	Reduced	47,645	-345	$1,871,495	+6.6%	0.69%
NEA	Nuveen AMT-Free Quality Municipal Income Fund Financial Services	Added	146,035	+4,619	$1,639,973	−0.3%	0.61%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	5,094	-24	$1,583,164	+1.2%	0.59%
ET	Energy Transfer LP Energy	Added	77,990	+13,573	$1,505,207	+41.7%	0.56%
SLV	iShares Silver Trust	Reduced	21,825	-35,675	$1,487,155	−59.9%	0.55%
DE	Deere & Co Industrials	Added	2,260	+220	$1,273,058	+34.0%	0.47%
TYG	Tortoise Energy Infrastructure Corp Financial Services	Added	23,100	+1,757	$1,151,535	+31.9%	0.43%
SLB	Slb Limited/Nv Energy	Reduced	21,400	-12,600	$1,099,746	−15.7%	0.41%
NAD	Nuveen Quality Municipal Income Fund Financial Services	Reduced	92,301	-405	$1,061,461	−4.7%	0.39%
HD	Home Depot, Inc. Consumer Cyclical	Held	3,175	0	$1,044,225	−4.4%	0.39%
CSCO	Cisco Systems, Inc. Technology	Reduced	12,715	-1,000	$986,556	−6.6%	0.37%
ALG	Alamo Group Inc Industrials	Reduced	5,900	-100	$973,323	−3.4%	0.36%
DELL	Dell Technologies Inc. Technology	Reduced	5,652	-3,000	$927,662	−14.8%	0.34%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	15,684	-7,699	$845,053	−44.5%	0.31%
NVG	Nuveen AMT-Free Municipal Credit Income Fund Financial Services	Added	66,600	+30,014	$821,178	+77.3%	0.30%
UEC	Uranium Energy Corp Energy	Reduced	60,550	-60,350	$817,425	−42.1%	0.30%